The U.S. monthly international trade deficit decreased in April 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $107.7 billion in March (revised) to $87.1 billion in April, as exports increased and imports decreased. The previously published March deficit was $109.8 billion. The goods deficit decreased $19.1 billion in April to $107.7 billion. The services surplus increased $1.5 billion in April to $20.7 billion.
Exports
Exports of goods and services increased $8.5 billion, or 3.5 percent, in April to $252.6 billion. Exports of goods increased $6.1 billion and exports of services increased $2.4 billion.
- The increase in exports of goods reflected increases in industrial supplies and materials ($2.3 billion), in foods, feeds, and beverages($2.2billion), and in capital goods($1.2 billion).
- The increase in exports of services reflected increases in travel($1.5 billion) and in transport($0.3 billion).
Imports
Imports of goods and services decreased $12.1 billion, or 3.4 percent, in April to $339.7 billion. Imports of goods decreased $13.0 billion and imports of services increased $0.9 billion.
- The decrease in imports of goods reflected decreases in consumer goods($6.3billion), in industrial supplies and materials($5.3 billion), and in capital goods($2.6 billion). An increase in automotive vehicles, parts, and engines ($1.4 billion) partly offset the decreases.
- The increase in imports of services reflected increases in travel ($0.6 billion) and in other business services ($0.2 billion).
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